Question

Newton bay is a sparsely populated area. the government plans to build an international airport there And announces this plan publicy. When hotel chains learn about the airport, they become interested in building new hotels near the airport to accommodate Travellers. what is the likely economic impact of the situation on commercial real estate in newton bay?

Answer 1

Based on this scenario, the likely economic impact of the situation on commerical reale state in Newton Bay is rising. If a big airport is moving into the area and hotel chains are going to be built to accomdate the travelors then the commerical real estate is booming. The airport and the hotels will be purchased and built on commercial real estate land because they are not saving it for homes or wildlife.

Answer 2

The idea of the government will open new opportunities for all most especially for those in the commercial real estate. It will also give a good impact in the local economy along the increasing rate of the employment rate of the affected region.